IEX Shares Tick Up As Total Volume Grows 35% In August

Shares of Indian Energy Exchange (IEX) were slightly up on Wednesday after the company recorded higher volumes in August.

What Happened: IEX’s total volume, which includes certificates, increased 35.8% from the previous year to 12,040 million units. Electricity volume went up 17.1% year on year to 9,914 million units. 

Renewable energy certificates (REC) saw a huge jump of 737.4% from the previous year to 2,116 million units. The company said the REC market had an all-time low price in the trading session held on August 28 at ₹115 per certificate.

Its day-ahead market (DAM) volume rose 22.5% to 4,666 million units while real-time electricity market (RTM) volume went up by 27.3% year on year to 3,485 million units, which is its highest-ever monthly volume. 

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IEX Green Market which includes the green day-ahead and green term-ahead market

Segment volume surged 259.5% year on year to 871 million units. 

Government data shows in August 2024, India's energy consumption fell around 5% from the previous year to 144.2 billion units, the company added in its filing. 

Price Action: Shares of IEX were up 0.96% to ₹207.84 on Wednesday morning.

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